Quarterly report pursuant to Section 13 or 15(d)

Construction Contract and Other Service Revenues (Tables)

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Construction Contract and Other Service Revenues (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of construction contract and other service revenues by compensation arrangement
We disaggregate in the table below our construction contract and other service revenues by compensation arrangement as we believe it best depicts the nature, timing and uncertainty of our revenue (in thousands):
For the Three Months Ended June 30, For the Six Months Ended June 30,
2024 2023 2024 2023
Construction contract revenue:
Guaranteed maximum price $ 8,452  $ 2,001  $ 22,092  $ 8,744 
Firm fixed price 10,285  9,403  21,185  15,282 
Cost-plus fee 1,220  2,558  2,706  5,267 
Other 301  281  878  770 
$ 20,258  $ 14,243  $ 46,861  $ 30,063 
Schedule of accounts receivable, contract assets and contract liabilities The beginning and ending balances of accounts receivable related to our construction contracts were as follows (in thousands):
For the Six Months Ended June 30,
2024 2023
Beginning balance $ 10,500  $ 7,618 
Ending balance $ 5,766  $ 8,127 
The beginning and ending balances of our contract assets were as follows (in thousands):
For the Six Months Ended June 30,
2024 2023
Beginning balance $ 15,086  $ 22,331 
Ending balance $ 22,924  $ 20,494 
Changes in contract liabilities were as follows (in thousands):
For the Six Months Ended June 30,
2024 2023
Beginning balance $ 4,176  $ 2,867 
Ending balance $ 2,512  $ 3,028 
Portion of beginning balance recognized in revenue during:
Three months ended June 30,
 $ 624  $ 23 
Six months ended June 30,
 $ 2,111  $ 100